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BUSTED!! MTN In Big Trouble After They Were Caught Moving $8.1 Billion Out Of The Country Illegally [See Details]

The Federal Government has ordered mobile operator MTN to pay back taxes of $2 billion just days after the government ordered it to repatriate $8.13 billion, the company said on Tuesday.

MTN  confirmed that Nigeria’s attorney general gave “notice of an intention to recover the $2 billion (1.73 billion euros) from MTN Nigeria”.

Based on the detailed review performed, MTN Nigeria believes it has fully settled all amounts owing under the taxes in question,” said the company.

See MTN’s Reaction Over Ritual Killer Number ”08030004900”

Nigeria’s central bank said earlier that it had ordered South Africa-based MTN to refund $8.13 billion that it allegedly illegally repatriated and fined four banks involved in the transfer.

News of the unexpected tax bill sent MTN shares tumbling by as much as 7.5 percent to an almost 10-year low. It was also the latest challenge to hit MTN since it began operations in Nigeria 17 years ago.

Written by dare

Unique and Rare to find Guy, I don't do Normal i stick with Special, i am a big fan of my COUNTRY and i love Entertainment, Politics and Sports.

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  1. The Federal government did the right. What MTN is doing in Nigeria Will not be seen anywhere. MTN should adhere to the Federal Government decision period.

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